Gadepan, Distt. Kota (Rajasthan), PIN-325208 - Chambal Fertilisers ...
Gadepan, Distt. Kota (Rajasthan), PIN-325208 - Chambal Fertilisers ...
Gadepan, Distt. Kota (Rajasthan), PIN-325208 - Chambal Fertilisers ...
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<strong>Chambal</strong> <strong>Fertilisers</strong> and Chemicals Limited<br />
Regd. Office: <strong>Gadepan</strong>, <strong>Distt</strong>. <strong>Kota</strong> (<strong>Rajasthan</strong>), <strong>PIN</strong>-<strong>325208</strong><br />
UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2010<br />
(Rs. in Lac)<br />
Quarter Ended<br />
Period Ended<br />
Financial<br />
S.<br />
Particulars<br />
(Unaudited)<br />
(Unaudited)<br />
Year Ended<br />
No.<br />
31.03.2010<br />
31.12.2010 31.12.2009 31.12.2010 31.12.2009<br />
(Audited)<br />
1 (a) Net Sales / Income from Operations 135280.69 114166.65 383932.13 286901.76 357450.19<br />
(b) Other Operating Income 603.74 439.46 2093.09 1556.71 2589.12<br />
2 Expenditure<br />
(a) (Increase)/ Decrease in Stock in Trade and Work in<br />
Progress 15113.85 21129.78 (4664.46) 10198.92 7605.33<br />
(b) Consumption of Raw Materials 31993.84 26177.16 84591.57 77010.50 103087.10<br />
(c) Purchase of Traded Goods 30355.19 18724.55 139599.85 58397.02 59987.27<br />
(d) Employees Cost 2736.26 2445.41 8397.57 7323.42 9860.71<br />
(e) Depreciation / Amortization 6669.16 6391.64 20270.86 19555.60 25761.77<br />
(f) Power & Fuel 16809.50 13348.35 46353.78 41798.09 55879.41<br />
(g) Other Expenditure 15886.91 13838.27 50941.61 42729.30 57992.77<br />
Total (a to g) 119564.71 102055.16 345490.78 257012.85 320174.36<br />
3 Profit from Operations before Other Income, Interest,<br />
Exceptional Items & Tax (1-2) 16319.72 12550.95 40534.44 31445.62 39864.95<br />
4 Other Income 1152.47 817.87 4289.59 3100.56 4094.57<br />
5 Profit before Interest, Exceptional Items & Tax (3+4) 17472.19 13368.82 44824.03 34546.18 43959.52<br />
6 Interest 2306.41 2235.15 8001.86 6222.35 8515.21<br />
7 Profit before Exceptional Items and Tax (5-6) 15165.78 11133.67 36822.17 28323.83 35444.31<br />
8 Exceptional Items - - 436.87 436.87 436.87<br />
9 Profit from Ordinary Activities before Tax (7+8) 15165.78 11133.67 37259.04 28760.70 35881.18<br />
10 Tax Expense<br />
4423.50 3159.15 11513.70 8793.69 10976.06<br />
- Current Tax<br />
4845.23 3488.39 13705.95 10042.37 12962.21<br />
- Deferred Tax<br />
(440.30) (343.84) (2245.82) (1296.42) (2049.43)<br />
- Tonnage Tax<br />
18.57<br />
14.60<br />
53.57<br />
47.74 63.28<br />
11 Net Profit for the Period (9-10) 10742.28 7974.52 25745.34 19967.01 24905.12<br />
12 Paid-up Equity Share Capital<br />
(Face value of each share - Rs.10) 41620.79 41620.79 41620.79 41620.79 41620.79<br />
13 Reserve excluding Revaluation Reserves 97384.95<br />
14 Earnings per Share (Rs.)<br />
2.58<br />
1.92<br />
6.19<br />
4.80<br />
5.98<br />
( Basic and Diluted )<br />
(Not annualised) (Not annualised) (Not annualised) (Not annualised)<br />
15 Public Shareholding<br />
- Number of Shares<br />
- Percentage of Shareholding<br />
16 Promoters and Promoter Group Shareholding<br />
a) Pledged / Encumbered<br />
- Number of Shares<br />
- Percentage of Shares (as a % of the total<br />
Shareholding of Promoter and Promoter Group)<br />
- Percentage of Shares (as a % of the total Share<br />
Capital of the Company)<br />
b) Non- Encumbered<br />
- Number of Shares<br />
- Percentage of Shares (as a % of the total<br />
Shareholding of Promoter and Promoter Group)<br />
- Percentage of Shares (as a % of the total Share<br />
Capital of the Company)<br />
187677338<br />
45.09<br />
26866795<br />
11.76<br />
6.46<br />
201663719<br />
88.24<br />
48.45<br />
194637633<br />
46.77<br />
14150000<br />
6.39<br />
3.40<br />
207420219<br />
93.61<br />
49.83<br />
187677338<br />
45.09<br />
26866795<br />
11.76<br />
6.46<br />
201663719<br />
88.24<br />
48.45<br />
194637633<br />
46.77<br />
14150000<br />
6.39<br />
3.40<br />
207420219<br />
93.61<br />
49.83<br />
194637633<br />
46.77<br />
11450000<br />
5.17<br />
2.75<br />
210120219<br />
94.83<br />
50.48<br />
1
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED<br />
S. No. Particulars<br />
1 Segment Revenue<br />
Quarter Ended<br />
(Unaudited)<br />
Period Ended<br />
(Unaudited)<br />
31.12.2010 31.12.2009 31.12.2010 31.12.2009<br />
(Rs. in Lac)<br />
Financial<br />
Year Ended<br />
31.03.2010<br />
(Audited)<br />
a) Own Manufactured Fertiliser 68301.70 59930.63 187431.31 170526.40 224078.07<br />
b) Traded Goods 49989.21 40445.89 150375.35 74305.42 76108.89<br />
c) Shipping 7024.11 6048.59 20747.50 20789.69 27660.35<br />
d) Textile 9965.67 7741.54 25377.97 21280.25 29602.88<br />
Total (a to d) 135280.69 114166.65 383932.13 286901.76 357450.19<br />
Less : Inter Segment Revenue - - - - -<br />
Net Sales/ Income from Operations 135280.69 114166.65 383932.13 286901.76 357450.19<br />
2 Segment Results<br />
Profit / (Loss) before Interest, Exceptional Items<br />
and Tax from each Segment<br />
a) Own Manufactured Fertiliser 11103.21 10004.50 31363.65 28207.55 36724.73<br />
b) Traded Goods 3317.38 1046.11 8091.56 2536.38 2207.04<br />
c) Shipping 2355.40 2249.20 2640.44 3910.76 4418.03<br />
d) Textile 1074.09 298.31 2921.95 587.59 1242.43<br />
Total (a to d) 17850.08 13598.12 45017.60 35242.28 44592.23<br />
Less: (i) Interest 2306.41 2235.15 8001.86 6222.35 8515.21<br />
(ii)<br />
Other Unallocable Expenditure net off<br />
Unallocable Iincome# 377.89 229.30 (243.30) 259.23 195.84<br />
Profit before Tax 15165.78 11133.67 37259.04 28760.70 35881.18<br />
3 Capital Employed<br />
(Segment Assets-Segment Liabilities)<br />
a) Own Manufactured Fertiliser 164964.43 193449.17 164964.43 193449.17 174228.66<br />
b) Traded Goods 43738.41 14519.57 43738.41 14519.57 11500.44<br />
c) Shipping 145010.89 143011.36 145010.89 143011.36 152823.23<br />
d) Textile 20098.58 22704.97 20098.58 22704.97 23794.98<br />
e) Unallocated Capital Employed (209061.24) (230282.90) (209061.24) (230282.90) (223341.57)<br />
Total (a to e) 164751.07 143402.17 164751.07 143402.17 139005.74<br />
# This includes exceptional items.<br />
By order of the Board<br />
Place: New Delhi<br />
Date: January 22, 2011<br />
Anil Kapoor<br />
Managing Director<br />
2
Notes:<br />
1. The results for the period ended December 31, 2010 have been prepared on the basis of notified concession prices for urea<br />
under the New Pricing Scheme (NPS), further adjusted for input price escalation / de-escalation, as estimated on the basis<br />
of prescribed norms. The concession price of urea notified by the Government of India under the NPS-Stage III effective for<br />
the period October 1, 2006 to March 31, 2010, has been extended with effect from April 1, 2010 on provisional basis till<br />
further orders.<br />
2. During the period, the subsidy on Phosphatic and Potassic fertilizers has been accounted for as per the “Nutrient Based<br />
Subsidy” policy announced by the Government of India with effect from April 1, 2010.<br />
3. Other expenditure for the period includes (a) provision of Rs. 100 Lac (Nil during the quarter) on account of diminution in the<br />
value of fertiliser bonds; and (b) provision of net mark to market loss of Rs. 1270.68 Lac (Reversal of provision of<br />
Rs.1706.46 Lac during the quarter) for shipping division and Rs. 134.82 Lac (Reversal of provision of Rs. 51.76 Lac during<br />
the quarter) for fertiliser division of the company on USD interest Rate Swap Transactions to convert floating rate loans to<br />
fixed rates.<br />
4. During the quarter, the Company has made investment of (a) Rs. 699.05 Lac (USD 1,550,000) in its wholly owned<br />
subsidiary namely CFCL Overseas Limited, Cayman Islands; and (b) Rs. 350.00 Lac in its wholly owned subsidiary namely<br />
<strong>Chambal</strong> Infrastructure Ventures Limited, India.<br />
5. No investor complaint was pending at the beginning and end of the quarter ended December 31, 2010. During this quarter,<br />
82 investor complaints were received and resolved.<br />
6. Previous period/ quarter figures have been regrouped and/ or re-arranged wherever necessary to make their classification<br />
comparable with the current period/ quarter.<br />
7. The auditors have conducted limited review of the financial results for the period ended December 31, 2010. The results<br />
were reviewed by the Audit Committee. The Board has taken on record the financial results at its meeting held on<br />
January 22, 2011.<br />
3